12/52 Captain Cook DriveAgnes Water QLD 4677
Property Details for 12/52 Captain Cook Dr, Agnes Water
12/52 Captain Cook Dr, Agnes Water is a 7 bedroom, 7 bathroom Unit with 4 parking spaces and was built in 2007. The property has a land size of 587m2. While the property is not currently for sale or for rent, it was last sold in February 2025.
Last Listing description (July 2026)
The Phone Code for this property is: 56278. Please quote this number when phoning or texting.
Agnes Palms Motel represents a rare opportunity to acquire a fully renovated, "low touch"
hospitality asset in one of Queensland's most iconic coastal growth hubs. Situated just 200m from the Agnes Water surf beach, this property combines modern automation with diversified income streams, including secured caretaking and letting rights.
Owner-operator Motel income potential of approximately $160,000 per annum @ 62 % occupancy . Agnes Palm Estate consists of 10 units/Motel & backpackers/Thai restaurant.
MOTEL Revenue (YTD)
$226,000 @ 62% occupancy
Net profit (YTD) $130,000 fully staffed
Prime Location 200m walk to Agnes Water beach
Automation Modern remote guest check-in system-minimal on-site Labour required
Secure Income Caretaking and Letting agreements secured until 31
December 2032
Upside
Untapped letting rights for the wider community and high-yield rental conversion potential
Additional land for expansion
Motel Inventory: 5 Modernized Rooms + 1 Cabin with a private fenced courtyard.
Caretaker's Unit: On-site residence.
Amenities: In-ground swimming pool, undercover parking.
Renovations: Recently updated bathrooms and interiors (tv, fridges, chairs and tables); no immediate CAPEX required.
Surplus land offers possible future development potential for motel expansion, residence or additional rental units (STCA).
Caretaking Income $22,500 / pa (with CPI increases)
Expiry date of Caretaking agreement 31 December 2032 - CPI increase annually Letting agreement 31 December 2032 - Not currently in use/offered to complex
Fully furnished one-bedroom units and studio-style accommodation in Agnes Water typically achieve $400-$580 per week in the long-term rental market, reflecting strong demand and limited supply.
The Model: Convert the 5 motel rooms and 1 cabin into 6 permanent rental units.
Projected Rent: $400 per week / per unit.
Potential Annual Gross Income: $124,800 + Caretakers income + Caretakers unit
Feasibility: Create shared laundry. Conversion requires minor kitchenette installs, providing a "set and forget" investment with significantly lower overheads than short-term stays
.
Body corp
Annual Administrative Fund: $10,240.00
Annual Sinking Fund: $1 684.48
Total: $11 924.48
Council Rates: Gladstone Regional Council $8100.00
$1.35M
7 units beachside. Free hold in Cts
Existing business Agnes Palms Motel
Caretaking +letting agreements
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Property History for 12/52 Captain Cook Dr, Agnes Water, QLD 4677
- 21 Mar 2026Listed for Sale $1,350,000
- 07 Feb 2025Sold for $725,000
- 30 Mar 2024Listed for Sale EOI Closing 30 April 2024
Recent sales nearby
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0About Agnes Water 4677
The size of Agnes Water is approximately 41.1 square kilometres. There are 3 parks, covering nearly 11.8% of the total area. The population of Agnes Water in 2016 was 2210 people. By 2021 the population was 2729 showing a population growth of 23.5% in the area during that time. The predominant age group in Agnes Water is 60-69 years. Households in Agnes Water are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Agnes Water work in a trades occupation.In 2021, 72.00% of the homes in Agnes Water were owner-occupied compared with 68.00% in 2016.
Agnes Water has 3,004 properties. Over the last 5 years, Houses in Agnes Water have seen a 96.37% increase in median value, while Units have seen a 70.03% increase. As at 31 July 2026:
- The median value for Houses in Agnes Water is $917,697 while the median value for Units is $547,300.
- Houses have a median rent of $690 while Units have a median rent of $490.
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